“Oil prices will Remain High” – TotalEnergies CEO
Patrick Pouyanné, the CEO of French supermajor TotalEnergies, told RTL France radio that worldwide crude oil prices will remain high for a while as global oil demand continues to expand...
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BP to Resume Oil and Gas Exploration Activities in Libya
BP, the UK's largest oil and gas company, has decided to resume oil and gas exploration in Libya. The decision is expected to herald in a new age of sectoral...
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Saudi Arabia is Increasing its Oil Production
Saudi Arabia's Energy Minister, Prince Abdulaziz Bin Salman, said in a TIME interview published on Sunday that the world's largest oil exporter believes there will still be a market for...
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UK To Rely On Oil And Gas Despite Net-Zero Pledge – Boris Johnson
Despite the UK's commitment to net-zero emissions by 2050, domestic oil and gas production would continue to play a significant role in the country's energy mix, Prime Minister Boris Johnson...
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Russia To Supply More Gas to China Via New Pipeline
As China and Russia increase their energy cooperation, Russian gas giant Gazprom and China National Petroleum Corporation (CNPC) have inked a new agreement under which Gazprom would deliver natural gas...
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U.S. Considers Chevron Request to Take and Trade Venezuelan Oil
According to sources familiar with the talks, the US Administration is currently reviewing a request from Chevron to potentially allow the company to take and trade crude from Venezuela as...
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TotalEnergies Plans Return to Gas-Rich Mozambique
Patrick Pouyanne, Chairman and CEO of TotalEnergies, this week did a two-nation trip to Rwanda and Mozambique, where he spoke with the presidents of both countries in preparation for the...
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Shell Makes Significant Oil Discovery Offshore Namibia
Shell has discovered a significant oil and gas deposit offshore Namibia in the Graff-1 well. The Namibian government has verified the discovery, which is estimated to hold between 250 and...
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Russia to Resume Oil Output To 90% Of Pre-pandemic Level – Novak
Russia will be able to restore oil output to 90% of what it was before the virus, according to Russian Deputy Prime Minister Alexander Novak, who spoke to Russian television...
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25th OPEC and Non-OPEC Ministerial Meeting Concludes
Following the conclusion of the 25th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference on Wednesday, 2 February 2022, and in view of current oil market fundamentals and the...
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